UOB offers you foreign exchange services on spot, forward and swap basis to meet your trading needs and funding requirements.
UOB offers you foreign exchange services on spot, forward and swap basis to meet your trading needs and funding requirements.
Value date refers to the date on which actual exchange of funds i.e. payment/receipt takes place. Funds can only be used when they are credited with "good value". Foreign Exchange (FX) rates are generally quoted on a spot basis.
An FX spot transaction is a deal in which you and the Bank agree to exchange agreed-upon amounts of two different currencies at an agreed exchange rate for settlement in 2 business days. Spot rates can be adjusted to provide for transactions taking place today or tomorrow. These transactions are known as "Value Today" or "Value Tomorrow".
A forward transaction is an agreement between you and the Bank, which is agreed today, to exchange agreed-upon amounts of two different currencies at an agreed-upon rate/price for delivery on an agreed future date.
An FX swap is a pair of currency transactions, one for purchase and one for sale, for two different value dates, one of which is spot.
Visit us at:
United Overseas Bank Limited
Corporate Sales
80 Raffles Place
5th Storey UOB Plaza 1
Singapore 048624